(Disclosure: Rose Law Group represents The Empire Group.)
By Land Advisors Organization | AZBEX (Photo: Land Advisors Organization)
Land Advisors Organization’s Metro Phoenix Homebuilding team announced the closing of a land sale in the West Valley of Metro Phoenix on behalf of Empire Village at Paseo de Luces, LLC, The Empire Group of Companies. The sale fetched $7.8M for 21 acres, which will be developed into a single-family build-to-rent community. It will be the fourth such development in the West Valley for The Empire Group of Companies.
The project, Village at Paseo de Luces, is planned for approximately 272 units at the E-NEC of 99th Avenue and Van Buren Street in Tolleson. The Empire Group of Companies plans to offer single-family rental homes ranging in size from +/-700SF to 1,300SF in one-, two- and three-bedroom floorplans. Land Advisors Organization’s homebuilding team of Bret Rinehart and Ryan Semro represented the buyer in the transaction.